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Coin Circle Academician: 2024.5.6 Ethereum (ETH) latest market analysis reference

Yesterday, Ethereum was almost sideways with little fluctuation. The last short position at 3150 was only after exiting at 3130, and then I have been waiting for an opportunity. Yes, 3170 did not go up, so I went short at 3160. The pressure level is the entry point for short orders. If 3170 is not broken, it means that the pressure is effective and we can arrange the position. Let's see if the range of 3130 to 3110 can be broken. If not, we can exit. If it is broken, we can continue to hold. Let's wait and see.

Let's look at the market. The daily K-line is currently above the EMA90 trend indicator 3130. In the short term, we still need to pay attention to this position. KDJ opens upward and spreads, MACD increases in volume, and DIF and DEA have not yet spread upward after the low-level golden cross is formed, indicating that the upper space has not been completed. In addition, there is a continuous consolidation and accumulation of funds between 3170 and 3130. There may be a wave of highs in the future, and you can make more profits at the low level.

The four-hour K-line has not increased its chips, indicating that there will be a wave of callbacks in a short period of time. KDJ alternates downward, the idle area falls downward from around 3170, MACD goes down with large volume, and the Bollinger Bands rise upward. The K-line moves sideways in the upward channel. Pay attention to the support of 3090 in the Bollinger Bands and the pressure of 3205. In addition, the current EMA trend indicator is closing, and the chip concentration point is near the 3100 mark. In terms of overall thinking, the contract operation recommends that the callback is mainly long in the short term, and the short is supplemented.

The specific admission reference is as follows:

The first entry point for long positions is 3120, the second entry point is 3095, and the stop loss point for long positions is 3080 (the support point is at 3090, so if it breaks a little lower, I won’t take it)

The first entry point for short selling is 3180, the second entry point is 3205, and the stop loss point for short selling is 3220 (if it breaks 3220, you can follow the trend and make timely remedies by looking at the 3250 and 3350 ranges)

The specific operation is based on the real-time data of the market. For more information and details, please contact the author. There is a delay in the release of the article. The suggestions are for reference only and the risks are borne by the user.

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This article is exclusively contributed by the academician of the currency circle, and only represents the exclusive views of the academician. There are in-depth studies on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the time of article push, the above views and suggestions are not real-time, for reference only, at your own risk, please indicate the source for reprinting, and reasonably control the position when making orders, and do not operate with heavy or full positions. The academician also hopes that all investors understand that the market is always right. If you are wrong, you should summarize your own problems and don't let the profits that should have been obtained fly away. There is no need to be smarter than the market in investment. When the trend comes, respond to it and follow it; when there is no trend, observe it and stay calm. It is not too late to wait for the trend to finally become clear before taking action. Tomorrow's success comes from today's choice. God rewards diligence, earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards heart. Gains and losses are inadvertent. Develop the habit of strictly taking stop loss and stop profit for each order. The academician of the currency circle wishes you a happy investment!